By Laura Sanchez
Investing.com – Paytm, an Indian online payment service, is considering accepting whether Indian authorities can remove the regulatory uncertainty surrounding the acceptance of cryptocurrencies.
“Bitcoin is still in the gray area of regulation in India,” explains Paytm’s CFO Madhur Deora in an interview. Bloomberg. “Currently, Paytm does not accept bitcoins. If this ever becomes completely legal in the country, the offers we can start with may be clear.
The Government of India is considering adopting cryptocurrency law, but the Reserve Bank of India (RBI) has been widely criticized and continues to argue for its ban.
As Paytm prepares for an estimated $ 2.5 billion initial public offering (IPO) next week, Deora’s comments have come.
Launched over a decade ago as a mobile device recharge platform, Paytm has grown rapidly since private transportation company Uber (NYSE 🙂 added it as a quick payment option. Since then, Paytm has diversified into services including insurance and sales, airline ticketing and financial services.
Fusion Media Or anyone associated with Fusion Media will not be liable for any loss or damage resulting from reliance on the information contained in this website, including data, quotes, charts and buy / sell signals. Be fully informed about the risks and costs associated with trading financial markets, which is one of the most potentially risky investment forms.
“Beer fanatic. Bacon advocate. Wannabe travel junkie. Social media practitioner. Award-winning gamer. Food lover.”
Siren songs for David Timor from India
Germany seeks to manufacture six submarines in India during Defense Minister’s EFE visit
Video: Suspension bridge collapses in India for second time in 14 months